A recent quarterly survey of primarily Hutt Valley businesses indicates continued confidence in their own business situation but have increased concerns as to New Zealand’s general business situation.
The latest Hutt Valley Chamber of Commerce Business Confidence Survey, sponsored by Red Hot Business Coaching, shows the following results:
President and Acting Chief Executive of the Hutt Valley Chamber of Commerce, Neville Hyde said;
“This quarter’s business confidence survey of predominantly Hutt Valley business shows a decline in confidence in the general business situation in New Zealand with a net 8% of respondents expecting a deterioration. On the other hand individual businesses confidence in their own business performance remains buoyant with a net 38% expecting improvement in their own business situation. Investment intentions by businesses in their business or on business equipment remains positive with a net 18% of businesses expecting to invest in the next 12 months. Businesses are also indicating a strong intention to hire staff but remain concerned with the ongoing difficulty in securing skilled staff and this may be an inhibiter in achieving their growth strategies
Surveyed feedback on the expectation by businesses that the Government’s recently announced establishment of a Business Advisory Council would assist in improving general business confidence did not indicate a high level of confidence.
Hutt Valley Businesses confidence in their own business activities remains encouraging and the Chamber looks forward to celebrating success of many of these businesses at the Wellington Region Business Excellence Awards Event to be held on 30 November 2018 at the new Lower Hutt Events Centre”
For more information contact Neville Hyde 04 9399821